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Showing posts with the label Nylon Market

Nylon Market Growth and Trends 2024 - 2030: Industry Insights and Forecast

  Nylon Industry Overview The global nylon market size is anticipated to reach USD 53.04 billion by 2030 and is anticipated to expand at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc.   The increasing production and sale of automobiles is driving the market. Nylon exhibit good temperature chemical and temperature resistance, toughness, provide strength & stiffness, and resistance to abrasion. This makes them suitable to be used as films and coatings to prevent the raw materials from undergoing corrosion. Apart from being lightweight and versatile, the materials also facilitate higher design flexibility that facilitates the production of advanced shapes without compromising safety and stability of the vehicle.     Gather more insights about the market drivers, restrains and growth of the  Nylon Market   Nylon is anticipated to play a key role in the development of automobile industry over the forecast p...

Nylon Market Expected To Witness An Incremental Growth A CAGR Of 5.8% by 2028

  Nylon Industry Overview The global nylon market size was valued at USD 29.76 billion in 2020 and is expected to witness a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.  Increasing demand for nylon from automobile applications is expected to propel the market growth during the forecast period. The automobile industry is highly concentrated. Even though the product range is high owing to a large number of market participants, around 49% of the market is dominated by top players including GM, Toyota, Ford, and Volkswagen. Gather more insights about the market drivers, restrains and growth of the Global Nylon Market Nylon is used in engine components, such as bushings, bearing, oil containers, wire harness connectors, fuse boxes, cylinder head covers, crankcases, and timing belts. The rise in production can mainly be attributed to the rapid growth of the automotive industry of Europe.  In recent years, the automobile industry has witnessed ro...